Christie’s New York auction of Magnificent Jewels achieved a total of $44,583,875 with 95% sold by value, and 91% sold by lot. There was global participation with bidders from 39 countries. Additionally, the preceding Jewels Online sale from 18th November to 1st December totalled $2,575,500 with 100% sold by value and 90% sold by lot. Together, the December Jewels sales in New York achieved a combined total of $47,159,375.
The top lot of the Magnificent Jewels auction was an extraordinary Kashmir sapphire and diamond bracelet of 43.10 carats surrounded by 67.90 carats of D colour internally flawless diamonds that was purchased for $6,030,000 by Harry Winston. Nayla Hayek, CEO of Harry Winston, commented, “We are very proud to have purchased this extraordinary Kashmir sapphire which joins the ranks of the finest diamonds and coloured gemstones acquired by Winston to form our superb Legacy Collection.”
Other notable sapphires include a cabochon Kashmir sapphire ring of 21.72 carats by Van Cleef & Arpels from 1917 that achieved $1,722,000; a Burma sapphire necklace of 80.86 carats that sold for $1,110,000; and an Art Deco Kashmir sapphire of 12.64 carats and diamond brooch by Cartier, formerly from the collection of Jean Stralem that realised $1,530,000.
News Source : gjepc